Reported 8 days ago
Charles Sizemore, chief investment officer at Sizemore Capital Management, discusses current stock market trends and highlights that the recent market rally was spurred by a decisive election outcome and expectations of lower taxes. However, he warns of a 'hangover effect' under a Trump presidency, pointing to uncertainties and inflationary pressures. Sizemore believes the Federal Reserve may have celebrated its inflation victory prematurely and advises investors to be cautious and selective in their investments.
Source: YAHOO
Reported 8 days ago
Netflix is venturing into live sports by broadcasting a boxing match between Jake Paul and Mike Tyson. Analyst Michael Pachter argues that this move allows Netflix to incorporate advertising, potentially boosting revenue through rebroadcasts. However, he cautions against high-stakes bids for major sports events, suggesting more strategic partnerships like their deal with WWE could be beneficial.
Source: YAHOO
Reported 8 days ago
Stocks experienced a decline on Friday following strong retail sales data and comments from a Federal Reserve official, indicating uncertainties about future interest rate cuts. The latest retail sales report showed a 0.4% increase in October, exceeding expectations, while the Fed's stance on potential cuts remained cautious. Major U.S. stock indexes, including the Nasdaq, S&P 500, and Dow Jones, finished negatively, highlighting investor concerns about whether the Fed can continue its rate-cutting cycle amidst a stable economy.
Source: YAHOO
Reported 8 days ago
Oklo CEO Jacob DeWitte highlighted a surge in demand for nuclear power, particularly to support AI data centers. The company, backed by Sam Altman, is advancing towards its first commercial advanced fission plant, noting the excitement in the industry and recently forming partnerships with major data center providers, although the specific clients remain undisclosed.
Source: YAHOO
Reported 8 days ago
This week, investors should keep an eye on significant quarterly earnings reports from major companies, including Nvidia, Walmart, and Lowe's, alongside important addresses from Federal Reserve officials. The housing market also comes into focus with the release of Housing Starts and Building Permits data.
Source: YAHOO
Reported 8 days ago
McDonald's is allocating $100 million to recover from a recent E. coli outbreak linked to its Quarter Pounder burgers, which sickened over 100 customers. The investment includes $35 million for marketing campaigns, promoting deals like discounted chicken nuggets, and $65 million to support affected franchises. The fast-food chain aims to restore customer confidence, emphasizing that recent tests show no E. coli in its food, as it reintroduces slivered onions back to menus nationwide.
Source: YAHOO
Reported 8 days ago
Bond market signals suggest that inflation may increase, with October's consumer data reflecting a slight uptick. Rick Newman, Yahoo Finance Senior Columnist, highlights that under a Trump administration, factors like tariffs and immigration policies could contribute to this inflation trend. Although the Fed may cut interest rates in December, Newman believes any further cuts could be limited as market expectations change.
Source: YAHOO
Reported 8 days ago
Anthony Pompliano, CEO of Professional Capital Management, emphasizes the importance of establishing a national bitcoin reserve as a critical step for President-elect Donald Trump. With crypto becoming increasingly significant post-election, Pompliano argues that creating a bitcoin reserve would not only bolster America's economic standing but also fulfill promises made to the market. He suggests prompt action is needed by Trump to leverage this opportunity.
Source: YAHOO
Reported 8 days ago
In a recent Yahoo Finance interview, Richmond Fed President Tom Barkin expressed optimism that inflation will continue to decrease into 2025, even suggesting the Federal Reserve may slow down rate cuts. While acknowledging the challenges posed by potential tariff increases under President-elect Donald Trump's administration, Barkin noted consumer behavior changes, such as seeking promotions and lower-priced goods, indicating a shift in response to persistent high prices.
Source: YAHOO
Reported 8 days ago
Tech stocks are experiencing a downturn as the enthusiasm from Donald Trump's election victory diminishes. Wall Street is reacting to the Federal Reserve Chair Jerome Powell's indication that the central bank is not rushing to lower interest rates, leading to a cooling of the initial rally sparked by the election.
Source: YAHOO
Reported 8 days ago
Anheuser-Busch InBev CEO Michel Doukeris expressed confidence that beer is not significantly impacted by the rising popularity of weight-loss drugs like Wegovy. He indicated that beer's lower calorie and carb options make it a suitable choice for consumers focused on maintaining a balanced diet, distinguishing it from sweeter beverage categories like wine and cocktails.
Source: YAHOO
Reported 8 days ago
Economist Glenn Hubbard believes that while President-elect Trump's tax cuts could impact the US deficit, they are unlikely to lead to a significant blowout. Despite concerns about extending past tax cuts and persistent inflation, Hubbard is optimistic about potential good policies in tax and regulation under the Trump administration. He suggests that while the Federal Reserve may slow rate cuts, it won't rush to change rates amid the current economic landscape.
Source: YAHOO
Reported 8 days ago
Masa Takeda, Portfolio Manager of the Hennessy Japan Fund, emphasizes ORIX Corp. as a buy-worthy stock in the Japanese market due to its attractive valuation and favorable interest rate conditions. However, he advises caution on Hitachi, citing uncertainties in translating backlog into revenue growth. Investors are encouraged to evaluate these insights for informed decision-making.
Source: YAHOO
Reported 8 days ago
Palantir (PLTR) announced that it will transition its listing from the New York Stock Exchange to Nasdaq on November 26, pushing its stock to a record high. Despite some analyst downgrades and valuation concerns, investor enthusiasm remains strong.
Source: YAHOO
Reported 8 days ago
President-elect Donald Trump has chosen Robert F. Kennedy Jr. for Secretary of Health & Human Services, a decision that has sparked controversy due to Kennedy Jr.'s anti-vaccine views. Following the announcement, vaccine stocks fell sharply, prompting market analysts to weigh in on the possible ramifications for the healthcare sector.
Source: YAHOO
Reported 8 days ago
The stock market's post-election rally has lost more than half of its gains as concerns rise over the possibility of delayed interest rate cuts following Federal Reserve Chair Jerome Powell's recent comments. Major U.S. indexes fell sharply, particularly the tech-heavy Nasdaq, as investors reassess the likelihood of a December rate cut in light of positive economic data and uncertainties surrounding Trump's trade policies.
Source: YAHOO
Reported 8 days ago
Bloom Energy's stock experienced a significant increase on Friday after the company announced a new collaboration with American Electric Power (AEP), which will utilize Bloom's fuel cell technology to power artificial intelligence data centers.
Source: YAHOO
Reported 8 days ago
Shares of Alcoa and Century Aluminum saw a significant rise following China's decision to cancel its export tax rebate for aluminum and copper. Analysts believe this move could increase production costs, complicate global supply chains, and provide an advantage to US producers in the market.
Source: YAHOO
Reported 8 days ago
Source: INVESTORS
Reported 8 days ago
Source: BARRONS
Reported 8 days ago
US stocks experienced a notable decline on Friday, with the Dow, S&P 500, and Nasdaq all hitting weekly losses. Investors reacted to Federal Reserve Chair Jerome Powell's indication that interest rate cuts won't come quickly, dampening initial optimism surrounding President-elect Donald Trump's policies. The S&P 500 fell 1.3% and the tech-heavy Nasdaq dropped 2.2%. Meanwhile, retail sales showed resilience in October, reflecting consumer strength amid shifting economic expectations.
Source: YAHOO
Reported 8 days ago
Despite widespread assumptions fueled by social media, only about 12% of U.S. households have a net worth of $1 million or more, with many struggling financially. Wealth is highly concentrated, and while the average household net worth is over $1 million, the median is much lower at approximately $192,700. This indicates that while certain demographics, like older Americans and those in specific states like New Jersey, may have assets, many still face financial challenges. Achieving a millionaire status requires consistent saving and investment.
Source: YAHOO
Reported 8 days ago
Richmond Fed President Tom Barkin expressed optimism that inflation will continue to decline into next year, despite recent stagnant readings. In an interview, he noted consumers' changing purchasing behaviors indicate limited pricing power for businesses. Barkin hinted at a cautious approach to future interest rate cuts, acknowledging the Fed's current restrictive stance as it prepares for a two-phased strategy involving recalibration and normalization of rates.
Source: YAHOO
Reported 8 days ago
Source: YAHOO